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Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenuThe Club’s top 10 things to watch Oct. 16, 2026 — Today’s newsletter was written by Jeff Marks, the Club’s director of portfolio analysis 1. Wall Street is headed for a mixed open this morning after a positive reversal yesterday. At one point yesterday, the Nasdaq was down 1.4% amid the AI sell-off. Yet the tech-heavy index bounced off the lows and was able to eke out a 0.08% gain by the closing bell. A down day for the iShares Semiconductor ETF would make it nine straight. 2. Some Anthropic investors now expect the frontier AI lab to come public at a valuation closer to $1.5 trillion, down from $2 trillion, over concerns about revenue growth slowing, according to a Reuters report . The share sale is reportedly still planned for November. 3. Has CoreWeave become the key to the AI market? After a 15.5% drop Wednesday, shares looked to be headed for another steep drop yesterday, before Nvidia CEO Jensen Huang dismissed concerns about the neocloud’s cost of capital (Nvidia has a big stake in CoreWeave). Now CoreWeave is down more than 5% premarket despite several analysts coming to its defense. 4. Tesla shares are up over 3% this morning after unveiling its new Roadster, which it said can go from zero to 60 mph in under a second. It also has a propulsion system, using SpaceX technology, that can make it “fly.” Production is targeted for 2028. Morgan Stanley said the near-term volume and earnings per share impact “are likely negligible,” but argued it’s hard to ignore Tesla’s engineering edge and the SpaceX crossover. 5. Netflix shares are down more than 3% premarket after the streaming giant announced that Chief Content Officer Bela Bajaria will leave the company. She will be replaced by former Disney executive Peter Rice, effective Oct. 26. Netflix has lost more than 40% of its value since June 2025 amid concerns about engagement trends and a lack of breakout hits. Netflix reports earnings next Tuesday. 6. UBS raised its price target on Club name Cardinal Health to $295 from $280 and kept its buy rating. The stock has come roaring back since its year-to-date low in May. The contract renewal with CVS on Oct.1 got this one going again. The recent market rotation into defensive names has given Cardinal another reason to move higher. We booked some profits yesterday after such a big run, but still like the name. 7. Morgan Stanley lowered its Boeing price target to $225 from $250 and maintained its hold rating. There is still some room in that PT, but the Club name has been a tough one to own, in part, because of elevated oil prices. Oil must come down for Boeing to get traction. CEO Kelly Ortberg’s turnaround is still making progress. 8. Mixed quarter from J.B. Hunt as the transportation and logistics company’s profitability was pressed by higher labor, fuel and insurance-related costs. Shares are off about 3% premarket. Wells Fargo cut its price target to $285 from $305, but kept its buy rating. Morgan Stanley went to $195 from $200 and reiterated its sell call. 9. Workday was downgraded to hold from buy at KeyBanc, with analysts expecting a longer timeline before the adoption of AI products takes hold. Neverthless, the worst of the selling in software stocks this year has come and gone. The recent wobbles for the AI hardware trade has benefited software names. 10. PepsiCo is estimated to lose $500 million in sales from Yum Brands -owned KFC switching to Coca-Cola, according to Bank of America. What happens next with Yum’s Taco Bell is the bigger question, the analysts said. The irony: Pepsi owned KFC and Taco Bell for about a decade, before spinning them off in 1997. Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free (See here for a full list of the stocks at Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.Read More